Oracle VM Manager: Includes a Restricted-use License for Oracle Database?

I'm evaluating OVM and OL for building a small private cloud and - at this stage of the evaluation - am primarily focused on making sure that I understand the licensing requirements of Oracle virtualization.
The Oracle® VM Installation and Upgrade Guide for Release 3.1.1 states that...
Oracle VM Manager includes a restricted-use license of the
Oracle Database (Standard Edition or Enterprise Edition) for use as
the Oracle VM Manager Management Repository only. The supported
version of Oracle Database are...
Am I understanding this correctly? Does this mean that, for the purposes of implementing Oracle VM Manager, it will not be necessary to purchase a license for Oracle Database (11g) Standard Edition?
Eric Pretorious
Truckee, CA

For the uninitiated and/or impatient: In order to use Oracle Database 11g SE/EE instead of Oracle Database XE...
>
Oracle VM Manager can be installed in a demo installation using Oracle XE, or as a production installation using Oracle SE or EE. The demo installation installs Oracle XE on the local host and configures it to use as the repository. *The production option collects information on the pre-installed Oracle Database* and uses it as the repository...><ol>
<li>Go [url http://www.oracle.com/us/products/database/standard-edition/overview/index.html]the Oracel Database 11g product page.
<li>Follow the link to [url http://www.oracle.com/technetwork/database/enterprise-edition/downloads/index.html?ssSourceSiteId=ocomen]the Download Page.
<li>Follow the link to your preferred architecture.
<li>Review and accept the EULA.
<li>Download the packages.
<li>Follow the link to the Documentation Page:
3. Installation guides and general Oracle Database 11g documentation are here.<li>Follow the link to the documentation about "Installing and Upgrading".
<li>Download the Database Quick Installation Guide for your preferred architecture.
</ol>
Eric Pretorious
Truckee, CA
Edited by: epretorious on Sep 13, 2012 6:50 PM - Added a signature.

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